Fed's Brainard: Inflation is much too high and subject to upside risks

• The Fed is prepared to take stronger action if inflation and inflation Inflation Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Read this Term expectations suggest the need
• Combined impact of rate hikes and balance sheet reduction will bring policy to a more-neutral position later this year
• After policy is more neutral, extent of additional tightening depends on the evolving outlook
• Fed will tighten 'methodically' through a series of rate hikes
• War and covid lockdowns in China likely to extend supply chain bottlenecks and hurt growth
• I am watching yield Yield A yield represents the earnings generated by an investment or security over a certain time period. Yields are typically displayed in percentage terms and are in the form of interest or dividends received from it.These figures do not include the price variations, which separates it from the total return. Consequently, a yield applies to various stated rates of return on stocks, fixed income instruments such as bonds, and other types of investment products.Yields can be calculated as a ratio or as A yield represents the earnings generated by an investment or security over a certain time period. Yields are typically displayed in percentage terms and are in the form of interest or dividends received from it.These figures do not include the price variations, which separates it from the total return. Consequently, a yield applies to various stated rates of return on stocks, fixed income instruments such as bonds, and other types of investment products.Yields can be calculated as a ratio or as Read this Term curve and other data for suggests of increased downside risks to economy
• I am carefully monitoring rotation from demand for goods back to services and whether that occurs without sparking inflation
• Expects balance sheet to shrink significantly faster than the last cycle
• Most low wage workers have seen wage growth that exceeds avg inflation

There's a dichotomy here between 'stronger action' and 'methodically'. The first sounds like 50 bps while the second sounds like steady 25 bps hikes.

The stock market has slumped and the US dollar climbed since these comments, with the market more focused on the talk of 'stronger action.' I'm not sure that's the right take but the Nasdaq was vulnerable. Yields in the belly of the US Treasury curve have also risen by a couple basis points.